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Assume That Steffi Signed a $50,000 Installment Note When She

Question 61

Multiple Choice

Assume that Steffi signed a $50,000 installment note when she signed the franchise agreement. RS can recognize revenue associated with the $50,000


A) when Steffi signs the agreement, so long as RS has sufficient experience with similar arrangements to estimate uncollectible accounts.
B) as soon as they have assisted Steffi in setting up the store, so long as RS has sufficient experience with similar arrangements to estimate uncollectible accounts.
C) Gradually as they provide advertising and administration services.
D) When they receive installment payments from Steffi, so long as RS has sufficient experience with similar arrangements to estimate uncollectible accounts.Substantial performance has occurred, and can estimate bad debts.

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